As expected, buyers took a break over the summer. For those looking to buy a single family home under $200K, the cool down is similar to only competing with 17 other buyers on a home instead of 50. Sales under $200K represented 46% of all MLS sales in August so the impact of price appreciation in this area is significant in overall market measurements. Another 29% of purchases made in August were between $200K and $300K. Good news for buyers, supply of homes for sale in this range has risen 5.4% over the past 6 weeks. The market … (1 comments)
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